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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #145,381
  • Dec 3, 2008 12:50am Dec 3, 2008 12:50am
Quoting cheese
5 min tf turned very bearish. Waiting on a confirmation with the 15 min.
me stopped out -33 ... LTL didn't hold.
Discipline + Patience - Fear - Greed = Success
  • #145,382
  • Dec 3, 2008 12:56am Dec 3, 2008 12:56am
Quoting arezab
me stopped out -33 ... LTL didn't hold.

This is one heck of an ugly market right now. Do you think its due to such low liquidity in the markets?
  • #145,383
  • Dec 3, 2008 12:56am Dec 3, 2008 12:56am
Quoting arezab
me stopped out -33 ... LTL didn't hold.
told ya, for all purposes GJ is in a strong downtrend.
  • #145,384
  • Dec 3, 2008 12:58am Dec 3, 2008 12:58am
Quoting forexlion
told ya, for all purposes GJ is in a strong downtrend.
If price gets above LTL & inside that channel again I'll open another long targeting 140.00
Discipline + Patience - Fear - Greed = Success
  • #145,385
  • Dec 3, 2008 1:00am Dec 3, 2008 1:00am
Quoting cheese
This is one heck of an ugly market right now. Do you think its due to such low liquidity in the markets?
I don't think so ... though we should wait to see what London guys have in their pocket.
Discipline + Patience - Fear - Greed = Success
  • #145,386
  • Dec 3, 2008 1:01am Dec 3, 2008 1:01am
Quoting arezab
If price gets above LTL & inside that channel again I'll open another long targeting 140.00

Schitzo right now! She is thinkin about going back up now lol, although the 1H and 3 H tf still look pretty bearish.
  • #145,387
  • Dec 3, 2008 1:05am Dec 3, 2008 1:05am
Quoting forexlion
told ya, for all purposes GJ is in a strong downtrend.
What about those higher lows following hidden and classic divergences? I don't think so. I believe a nice retrace is underway.

But let's just trade the chart.
Discipline + Patience - Fear - Greed = Success
  • #145,388
  • Dec 3, 2008 1:27am Dec 3, 2008 1:27am
Quoting arezab
What about those higher lows following hidden and classic divergences? I don't think so. I believe a nice retrace is underway.

But let's just trade the chart.

hey, can ya a post a chart showing what you saw with the divergences?
  • #145,389
  • Dec 3, 2008 1:33am Dec 3, 2008 1:33am
It's imperative for longs that we get above 139.10 before any real pullback.
check out my blog: forexmademillionaire dot com
  • #145,390
  • Dec 3, 2008 1:34am Dec 3, 2008 1:34am
added a fresh short at 138.92.

i am all in favor of 134.6
  • #145,391
  • Dec 3, 2008 1:34am Dec 3, 2008 1:34am
Quoting arezab
What about those higher lows following hidden and classic divergences? I don't think so. I believe a nice retrace is underway.

But let's just trade the chart.
GM - I am, trading my 5m & 1m charts - just took a small long on the higher low at 138.50. Now to see what happens at the daily pivot and 139 SS - I'll add on a convincing break or take a few pips profit if it turns back....http://www.forexfactory.com/images/icons/icon7.gif
Trading Levels with WRBs
  • #145,392
  • Dec 3, 2008 1:35am Dec 3, 2008 1:35am
Quoting arezab
me stopped out -33 ... LTL didn't hold.
fake breakout my friend
always watch out for those bastards
  • #145,393
  • Dec 3, 2008 1:37am Dec 3, 2008 1:37am
Quoting Geppy
It's imperative for longs that we get above 139.10 before any real pullback.
Excellent, just broke it... now I'm definitely convinced we go visit high 140s/low 141s before I get short.
check out my blog: forexmademillionaire dot com
  • #145,394
  • Dec 3, 2008 1:41am Dec 3, 2008 1:41am
Quoting Geppy
Excellent, just broke it... now I'm definitely convinced we go visit high 140s/low 141s before I get short.
140/141 will be come... please be patience..
  • #145,395
  • Dec 3, 2008 1:42am Dec 3, 2008 1:42am
fake breakout of LTL usually mean price should hit UTL

but first ema34/50 resistance area on h1 chart
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  • #145,396
  • Dec 3, 2008 1:43am Dec 3, 2008 1:43am
Quoting Islander
GM - I am, trading my 5m & 1m charts - just took a small long on the higher low at 138.50. Now to see what happens at the daily pivot and 139 SS - I'll add on a convincing break or take a few pips profit if it turns back....http://www.forexfactory.com/images/icons/icon7.gif

Took 48 pips - cable's so far held under its DP and UJ's not joined the party. Now to see what happens at LO....
Trading Levels with WRBs
  • #145,397
  • Dec 3, 2008 1:44am Dec 3, 2008 1:44am
Time to sleep... goodnight all, keep an eye on the beast and have her bag some pips while I bag the Zs
check out my blog: forexmademillionaire dot com
  • #145,398
  • Dec 3, 2008 1:47am Dec 3, 2008 1:47am
GM. This one is from the Igroks thread. Should come out as continuation diamond with 90% of a bearish move. Take a look here on the 1hr. Precious little diamond
  • #145,399
  • Dec 3, 2008 1:49am Dec 3, 2008 1:49am
Quote
fake breakout my friend
always watch out for those bastards

Fake b/o just gave me +70 - 1/2 off, rest at b/e
  • #145,400
  • Dec 3, 2008 1:59am Dec 3, 2008 1:59am
Quoting Cdawg
Fake b/o just gave me +70 - 1/2 off, rest at b/e
Nice one - cable's really having a problem with its DP - and now its 4900 level.

IF the Swissy breaks above its 2100 level I can see cable and GJ turning south - lets see what The Brits do.....
Trading Levels with WRBs
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